We’ll refund your Outright Masters bet if your chosen player fails to make the cut – exclusive to William Hill Mobile

Place a win or each way single on the Masters Tournament Winner market via the William Hill Mobile Site, or downloaded App, and if that player fails to make the cut we’ll refund your losing bet as a free bet to use on any market on the final day of the Masters.

Visit hxxp://mobile.williamhill.com on your mobile device now or download from iTunes App Store

Qualifying Bets
Applies to bets placed on mobile.williamhill.com via a mobile handset or via a downloaded William Hill native app.
Applies to single ‘win’ and ‘each way’ bets only.
Multiple bets (e.g. Lucky 15’s, doubles, trebles etc) DO NOT COUNT for this offer.
Applies to bets placed after 00:01(BST) Monday April 2nd and before 17:00(BST) Thursday 5th April.
Only bets placed on the ‘Tournament Winner’ or ‘Tournament Winner Live’ markets during these times apply for this offer.
Free Bet
Maximum refund per customer, per player is £50/50€ (or currency equivalent).
Applies to win or each way single bets.
Free bet will be credited before 10:00(BST) Sunday 8th April.
Free bet is valid until 20:00(BST) Sunday 8th April.
General Terms and Conditions
Standard free bet terms apply.
Free bet stake not included in winnings.
ONLY available to customers in the UK and Ireland.
William Hill reserves the right to amend, cancel, reclaim or refuse the award of any free bet at its own discretion.
The Promotion is not available to any employee of the William Hill Group or their direct family members, or any employees of any business associated with the provision of Sports betting and its support services connected with William Hill, or their direct family.
The identity of a player will be determined on the basis of all or any combination of the following: account number, username, name, mailing address, e-mail address, IP address, credit/debit card number, registered payment method, computer, and any other forms of identification which may be required. However players with multiple accounts attempting to enter the Promotion may result in any/all accounts being closed, any winnings deemed forfeited and being removed from this Promotion.
All participants in the Promotion must agree to abide by the normal site rules and terms and conditions governing usage of this website and the associated games. This Promotion only applies to bets placed through Text Betting and on mobile.williamhill.com via a mobile handset or via a downloaded native app. (not including the Racing Post app)
Prizes are not transferable.
William Hill reserves the right to exclude, or otherwise remove players, from participation in the Promotion if the circumstances warrant such exclusion in the sole opinion of William Hill.
William Hill reserves the right to review transaction records and logs from time to time, for any reason whatsoever. If, upon such review, it appears that the player is participating in strategies that William Hill in its sole discretion deems to be cheating or abusing the rules of the game, William Hill reserves the right to revoke the entitlement of such a player to the Promotion.
Furthermore, if upon such review the player's practices have been deemed by Us to be Promotion Abuse William Hill has the right to take the following actions, as its sole discretion, against such abusers:
All winnings on any account/s opened will be null and void and all cash-ins will be cancelled where play has been deemed abusive.
Abusing player accounts may be terminated immediately.
Players found to be abusing promotions may be barred from receiving further promotional offers on the website
In order to qualify for a winning prize the player’s account must be ‘active’ and not be closed or otherwise suspended by William Hill.
The Promotion is only open to people aged 18 or over and who have been verified as being over the age of 18 and completed all account verification procedures to qualify for any prize. It shall be the responsibility of entrants to make their own enquiries as to whether such activity is permissible in their own jurisdiction. Each entrant should ensure that he or she would be acting legally in that jurisdiction in entering the Promotion. Additional verification of identity may be required or requested at any time.
William Hill shall not be liable for technical, hardware or software failures of any kind or lost or unavailable network conditions which may limit or prohibit ability to enter or participate in the Promotion. William Hill shall not be liable for damage, or loss or injury resulting from entry to the Promotion, failure to win, acceptance or use of any prize, but nothing in these Terms and Conditions shall operate to exclude liability for death or personal injury resulting from William Hill's own negligence.
William Hill reserves the right to cancel this Promotion or amend these Terms and Conditions without liability and without notice, and it is the responsibility of the player to periodically check for any such updates or cancellations.
William Hill and/or its authorised agent shall not be liable for any damages howsoever arising as a result of any such modification, alteration, discontinuance or termination of the Promotion.
In the event of any decision or dispute regarding the validity of any entry, the eligibility of any entrant and the eligibility for the Promotion, the decision of William Hill will be final and no correspondence shall be entered into.
The general Terms and Conditions of www.williamhill.com shall apply.
These Terms and Conditions shall be governed by the laws of England and Wales.

Straght refund if, but instead of laying the "if", you back them to make the cut. Can be done at any Skybet, WillHill (not advised!!) or BF, although there is not yet liquidity at bf. Others may have the market nearer the time. Odds will not be long unfortunately, with 1.1-1.3 typical for top players. Of course you could go for a few players, but you will obviously get a max of £50 refund. But a bad first round and the odds of making the cut will shoot out, allowing a much better lock of profit. Depends how you want to play it.